Transaction in Own Shares • Jun 2, 2007
Transaction in Own Shares
Open in ViewerOpens in native device viewer
News Details
Ad-hoc | 2 June 2007 12:18
United Labels AG announces stock buy-back
United Labels AG / Share Buyback
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Münster, June 1, 2007 – In accordance with the mandate granted by the
General Meeting of Shareholders of May 22, 2007, the Management Board of
United Labels AG (ISIN: DE 0005489561), a company specialising in comicware
sold under licence, today announced its decision to reacquire, by the
specified expiry date of the mandate, company shares in a value equivalent
to up to EUR 500,000; within this context, the shares to be purchased,
together with other own equity instruments held by the company (treasury
shares) or attributable to the company under Section 71 a et seq. of the
German Stock Corporation Act (Aktiengesetz - AktG), may at no time account
for more than 10% of the share capital. The purchase of shares shall be
executed via the stock exchange. On the basis of the company's current
plans, a commissioned bank is to be free to decide on the precise date of
the stock purchase autonomously and without any influence exerted by the
company.
The purchase price per share shall in no case exceed or fall below 10% of
the price determined at the trade date by means of an opening auction for
the company's shares with equivalent rights as part of XETRA trading (or a
successor system that is functionally equivalent to the XETRA system) on
the Frankfurt Stock Exchange.
In accordance with the authorisation issued by the General Meeting of
Shareholders on May 22, 2007, the shares are to be sold to interested
institutional investors under exclusion of shareholder subscription rights.
All transactions will be disclosed on the company website on a weekly basis
subsequent to execution.
For further information, please visit www.unitedlabels.com or contact the
following member of staff:
United Labels AG
Stefanie Frey
Gildenstr. 6
D – 48157 Münster
Tel.: +49 (0) 2 51-32 21-4 06
Fax: +49 (0) 2 51-32 21-9 60
Mobile: +49 (0) 1 70-5 62 88 65
[email protected]
Language: English
Issuer: United Labels AG
Gildenstr. 6
48157 Münster Deutschland
Phone: +49 (0)25 132 21-0
Fax: +49 (0)25 132 21-999
E-mail: [email protected]
www: www.unitedlabels.com
ISIN: DE0005489561
WKN: 548956
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.